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Alisiya [41]
2 years ago
5

How does Maslow hierarchy of need help marketers to create various marketing strategies. Explain your answer with examples.

Business
1 answer:
Keith_Richards [23]2 years ago
7 0

The Maslow hierarchy of need helps marketers to create various marketing strategies because its already provides a way of evaluating the customers' motivations beyond what raw data will give.

<h3>What is the Maslow hierarchy of need?</h3>

The psychological theory established the motivation theory that models the 5 categories of human needs that helps to dictate an individual's behaviour.

The needs of human according to the Maslow Hierarchy includes Self-actualization, Esteem need, love and belonging need, safety need and physiological needs.

Read more about Maslow hierarchy

<em>brainly.com/question/19040822</em>

#SPJ1

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Avon was known as the company that sold cosmetics door-to-door for a long time. In order to grow and reach new markets it began
Airida [17]

Answer:

diversification strategy

Explanation:

In Business, diversification strategy refers to the strategy that company implemented in order to enter more than one markets in their overall operation.

Diversification strategy can be done by creating different varieties of products. This will help the company obtain new batch of costumers with different taste/preference who cannot be obtained with their old products.

On top of that, diversification also can be done by selling the products in different methods. This usually made to target different customers who have their own preference in shopping's. For example, if a company is used to sell most of their products through store, opening an online store would be one good example of divarication through different selling methods.

3 0
3 years ago
7.Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts.
lorasvet [3.4K]

Answer and Explanation:

Efficiency and equality:  

We have given the information that there are two areas one has many small school and another has few large schools. The area which has many small schools faces a large competition as there are large numbers of school in that area. In order to maintain equality and efficiency the voucher system should announced in the area which has few large schools. Introducing the voucher system in this few large school region help to maintain equality as there is less competition. Whereas the introduction of the voucher system in an area which has many large schools increases the inequality as there is high competition and this inequality also stimulated by the migration factor. So, these are the effects of voucher system in different areas.

6 0
3 years ago
Camaro GTO Torino Cash $ 2,000 $ 110 $ 1,000 Short-term investments 50 0 580 Current receivables 350 470 700 Inventory 2,600 2,4
SSSSS [86.1K]

Answer:

<u>Current Ratio :</u>

Camaro = 2.6

GTO = 3.5

Torino = 1.95

<u>Acid Test Ratio :</u>

Camaro = 1.3

GTO = 1.08

Torino = 0.84

Explanation:

The current ratio and acid-test ratio for each of the following separate cases will be as follows

Current ratio = Current Assets ÷ Current Liabilities

Camaro = 2.6

GTO = 3.5

Torino = 1.95

Acid Test Ratio = (Current Assets - Inventory) ÷ Current Liabilities

Camaro = 1.3

GTO = 1.08

Torino = 0.84

8 0
2 years ago
A registered investment adviser often recommends real estate limited partnership investments to her wealthy clients. The RIA's p
Levart [38]

Answer:

B.Her actions are inconsistent with the advice being given to her clients and this must be disclosed

Explanation:

A registered investment adviser often recommends real estate limited partnership investments to her wealthy clients. The RIA's personal financial statement and income are consistent with those of her wealthy clients, yet she never buys limited partnership units for her personal account. Which statement is TRUE

A real estate limited partnership (RELP) is a group of investors who pool their financial resources to invest in property purchasing, development, or leasing. Under its limited partnership status, This form of partnership  has a general partner who bears full liability and limited partners who are predispose  only up to the amount they contribute

The registered investment adviser does not practice what she teaches. She might just be in the profession for the money. She might also understand the risk associated with the real estate limited partnership investments and hence  would want to be risk averse herself. she should let her clients know the nitty gritty of the partnership and put a disclaimer across to them

4 0
3 years ago
Many companies use the Internet to allow consumers to design customized products; for example, Nike allows customers to order sh
Alja [10]

Answer:

The correct answer is A. micro-marketing.

Explanation:

In micro marketing strategy marketers give their advertising ans selling efforts on a small group of tightly targeted consumers.

For example, the market can be grouped into small groups based on a commitment to a product class or readiness to purchase a given brand.This grouping can be based on following aspect of customers

1). Locayion

2). Relationships

3). Job Title

4). Industry

5). Size

5). Customer Needs

6). Brand Loyalty

7). Customer Recovery

8). Price Sensitivity

Nike allows customers to order shoes with custom color combinations is a type of need based micro-marketing.

4 0
3 years ago
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